40 years in Italy

Deutsche Bank in Italy: a 40-year success story

In 1977, Deutsche Bank opened its first representative office in Milan, Italy. On that day, the Bank's history became entwined with that of Italy, with the Milan offices provided the base for the future development of the Group in our country. Over the years, Deutsche Bank has expanded substantially, acquiring Banca d'America e d'Italia (1986), Banca Popolare di Lecco (1994), Finanza & Futuro (1995) and Milano Mutui (1996). Today, Italy is Deutsche Bank's biggest European market after Germany and is positioned as a traditional bank for private clients, households and SMEs.

With more than 5,000 employees, 620 branches in Italy, more than 2 million private clients and 1,500 financial promoters, the Bank is one of the largest international groups in the country, with its General Management based in Bicocca, Milan and offices in Via Turati in Milan and Piazza Santi Apostoli in Rome. Deutsche Bank has always stood alongside Italian institutions, businesses and savers. This commitment to support the "Italian system" is based on a longstanding relationship of mutual trust. Deutsche Bank is one of leading banks providing assistance to companies in major domestic corporate finance, M&A and NPL operations and on the capital markets, aiming to support the development of the biggest Italian enterprises with around 65,000 corporate clients.

The four main divisions into which the Bank is structured at the global level all operate in Italy. They are: Private Wealth & Commercial Clients ("PW&CC"), Corporate & Investment Banking ("CIB"), Global Markets ("GM") and Deutsche Asset Management ("DeutscheAM").

Deutsche Bank's excellence and commitment is also expressed through a range of initiatives for the communities in which it operates, through Corporate Responsibility projects with the aim, in particular, of supporting young people, businesses, art and culture. After launches in Frankfurt, London, New York and Tokyo, in 2007 the "DB Collection Italy", the Italian section of the Deutsche Bank Art Collection, opened in Milan, the fifth global location with a permanent collection of contemporary art. Since 2013, the Bank has also operated through the Deutsche Bank Italia Foundation and as a strategic partner of Università Commerciale L. Bocconi, supporting training, research and talent.